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Sonny1 Says Goodbye (1/17/12)

One of the old timers in the dinar world decided to hang it up on Monday, saying he is bored with it all and wants to get on with his life. This is nothing new as most of you probably know. Many gurus have announced their retirement only to return a few days, weeks, or months later. I wrote a post on this called “Gurus and Goodbyes“.

Sonny1 aka Nick, has been active for years on various dinar forums; especially Dinar Speculator owned by Medic and Dinar Vets owned by Adam Montana. Sonny1 and Adam go way back. With both being from Wisconsin I have a feeling they knew each other before the dinar thing came along. Sonny1’s claim all along is that he has friends who are economists and contacts who are dinar investors in Dubai. Through his contacts he frequently gets information to pass along to the faithful, and is frequently wrong. In honor of his withdrawal from the dinar scene I figured I would offer a sort of tribute to Sonny … a “Greatest Hits” if you will. I would like to acknowledge Delight from IraqDinar.us for their research on this.

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1/19/2010

[LittleMissGrits] sonny1 … what is your take on the banks supposedly being on alert for rate change?[sonny1] LittleMissGrits i was told the same thing by the 5-3 in chicago area

[LittleMissGrits] sonny1 .. the bank people actually told you that?

[SBX] sonny1 you wre told directly by 5/3

[sonny1] SBX yes

[financeminister] there sure are a lot of posts lately about banks getting notified (heads up) about dinar

[SBX] 5th 3rd

[dfekigjkh2] 5-3 is fifth/third bank

[sonny1] and two others, on saturday, and they werent b.sing they said it is new territory for them and dont know the proscess

[sonny1] i call them 2-3 times a month, and have ordered millions of dinar from them, i have became friendly with the manager, and she she thats true

[sonny1] same as mailman, no date nor a rate

[LittleMissGrits] sonny1 who tells the banks to be on alert … the treasury?

[sonny1] LittleMissGrits they were told thru a e-mail, they wont tell anyone its true, so if you ask them, they will laugh at you

[sonny1] so whenyou call, and alot of you will, they will tell you it isnt true, i wont give the actual location

1/26/2010 a.m.

[sonny1] good news today, shouldnt be much longer now

[sonny1] its a very good day for us

[LittleMissGrits] sonny1 so u think the RV and budget are tied?

[sonny1] LittleMissGrits i do

[sonny1] thats why it took so long

[LittleMissGrits] sonny1 time frame?

[sonny1] imo, we should see rv in the next week or two, maybe sooner

1/26/2010 p.m.

[sonny1] ok as we know over the last 3 weeks the news has dropping hints of a rv

[sonny1] like the article that said we are waiting for a new exchange rate before we approve the budget, and the jan 31st article, and the we were going to change the exchange rate, but civil unrest, and political unrest caused a halt

[sonny1] now as we know the exchange rate is done

[sonny1] how they did it i have no clue, i am surprised, very surprised

[sonny1] the erm will be implemented so when iraq does rv and it should be soon now ( i hate saying that) they wont take a huge exchange rate hit with all the dinar coming back to them

[sonny1] there budget is roughly 80 billion u.s, if they didnt put the erm in place there exchange rate if a dollar lets say, could drop 50 cents with huge dinar exchanged

[sonny1] and there budget would be screwed, and they would be way short

[sonny1] my guys did the math with there budget, and all the infrastructure work they have planned the rate should be around 1.50-1.60, or the euro

[sonny1] now for the chapter 7 guys, i agree 7 is huge for them to get out of, but there is no chance of them getting out, without rv’ing first, they arent get out of 7 at 1170

[sonny1] u.n wont give them 150 billion in cash and assets back at 1170, it defeats the purpose

[sonny1] they have been meeting with the u.n now for the last 3 days, my guess is that they needed the u.n approval on the rate, and they needed to know if that rate will help them get out of 7, and by the budget passing tells me they all are on the same page

[sonny1] and its odd that its coming together 6 weeks before the elections, think maliki is a dummy, think again when this goes down, he will be a hero

[sonny1] i hate saying this, cause in the past it hasnt happened, but the numbers are adding up, we are within a few days to two weeks of cashing in.

2/7/2010

[sonny1] they said they want to phase out the large notes by the end of year

[sonny1] a rv would have to happen well before then, they would need all those notes back by years end

[sonny1] so imo, the rv could happen anytime, heres a question to think about, how long will it take iraq to get back the 10-12 trillion that joes like us have

2/9/2010

[sonny1] this recent news to me shows me that we are probably with-in days of this happening

[sonny1] then i get a call that totaly backs that up

[sonny1] a trusted bud, who has been right and early on news called me about an hour ago

[sonny1] the people in dubai that i have, who also invest in kuwait, told me that they are hearing this as well, not just them, but major dinar buying groups over there

[sonny1] and we could see this whole thing go down in the next 72 hours

[sonny1] they are very confident in the rate around the euro, they said anything lower would be shocking

2/16/2010

[MoneyFreak] sonny1 every thing looks like it is going on the direction we want it too correct? or are there hidden speed bumps in the way still? just curious’

[golfguy] sonny1 where could we research an answer to the rv process?

[sonny1] MoneyFreak it looks like it is going to go the way we want, i cant really think of speedbumps

[sonny1] golfguy i dont know

[BTSC2000] sonny1 ok sounds like something has to break soon!

[sonny1] this is getting interesting, hang tight, it shouldnt be much longer……see ya

3/2/2010

[sonny1] gankans there getting imf restrictions lifted, obviously those restrictions were set to stop a rv, and now there gone

[bambi] toweyk to set up the new elected officals and get the government in place imo

[krull] sonny1, is the IRS trying to figure out a way to get it’s pound of flesh out of us?

[sonny1] the sanctions were put on by the fund, and now the fund asked them to remove them……….can you ask yourself

[sonny1] im not taking questions anymore…..its pointless……i wish everyone could respect this and let me hang out when i come on for the last little time til this bursts

[gankans] The exchange rate has been fixed for the past 4-5 years at a low rate to drop inflation

[k98nights] sonny1 thank you!!

[Drstain] Sonny thanks for all you have done, pull up a chair and sit a spell.

[sonny1] i will break stuff down, and say what rumors i got, but it is pointless…….this thing is sooooooooooooooooooooo done…….i just dont know when

3/9/2010

[sonny1] the gentleman who got me into this long and drug out journey 6 years ago called me today

[sonny1] we havent talked much lately, and he wanted to give me an updat on what he had

[sonny1] he has middle eastern ties, and has friends in dubai, and kuwait

[sonny1] not that that matters, hes like ef hutton, if he talks to me i shut up and listen

[sonny1] i have much respect

[sonny1] anyway, he talked to his friends today in kuwait

[sonny1] they are all in investing, and so is my bud, he is an ex economics proffessor

[sonny1] and has done very well, he has 80grrrrr american invested in this

[sonny1] and wants nothing more than to cas-in

[sonny1] ]cash

[sonny1] with that said, he told me that all the people in kuwait, including government members expect this to be wrapped up no later than 48 hours after they announce a winner in the elections

[sonny1] and if you have read the news today, they expect this to be as early as wednesday

[sonny1] but they hand count…….so who knows for sure

3/12/2010

[sonny1] well adam was on last night, his info i beleieve is in the chat archives

[sonny1] i wont tae that one, but ill bet you it happens by the end of march

[sonny1] i got a call last night, and my buddy reassured me that the people in kuwait, including government, say 48 hours after elections are confirmed

[sonny1] and that the imf meeting on the 18th was to “finalize” everything

[john1025] sonny1 ok that could be weeks

[sonny1] sfredieu no $hit

[babysnake] sonny1 , have any idea about the runners yelling fruad an how it will affect the elections

[sonny1] john1025 i think by next tuesday or wed, they should make the election announcement

[gina1exp] sonny1 now that would be a great birthday present

[sonny1] babysnake i think we have stepped in, so it doesnt turn into a joke

[sonny1] the weird thing is there is no time iraq cant announce an rv

[sonny1] they could do it anytime

[babysnake] sonny1 , how would our input help ——don’t they just do their on thing there- wonder how strong their opinion of fraud will take them to stop M from winning

[sonny1] its just we are greedy and want it yesterday, im no different

[RDP_62] sonny1 i agree,the election is over,all they are doing now is counting ballots

[john1025] sonny1 if they leave the rv up to the new government it could be a very long time, so I’m hoping they have already decide on rate and date before the election

[sonny1] babysnake m will win, we wont let him lose, we trained him to good to let someone we dont know in there (THIS IS ONE THAT HE GOT RIGHT! m=Malikiand he ended up the winner … butthere was no RV once the winner was determined)

4/27/2010

[sonny1] nothing changed since i was on yesterday morning, they truly think this week could be it

[sonny1] iraq said that there revenues were going to go up 10 fold

[sonny1] either there smoking some nuggets, or there rv’ing.

5/20/2010

[sonny1] i has been brought to my attention, that this ride is almost over

[sonny1] and not over like tk over, but realy over

[sonny1] you guys know i usualy dont get crazy over rumors, but we are finaly with-in 90 days of this being over, i cant say how i know, but its TRUE

5/24/10

[sonny1] first of all, i just want to say once again, and its the last time i am going to type this, that everything i told you guys is true

[sonny1] what is up is this, and i will never say what company or anyones name, i dont know any of you and will not get anyone in trouble over people i dont know, and prob will never meet

[sonny1] this company is making something for iraq, it pertains to oil, they need it stat

[sonny1] they wanted it by june first, but they dont have any money to pay for it

[sonny1] when so this company got a call begging them to release it, this company said go to he ll

[sonny1] they got several more calls, these calls stated that iraq was going to up there rate of exchange, and it was the process and iraq wanted to pay AFTER…….THEY asked again company said take a hike

[sonny1] the second to last call told this company that everything was to be taken care of and they would have there check between july 26th and august 1st

[sonny1] there are companies also that are needed in this whole thing, and this company i am refering to is working with them.

[sonny1] these other companies to a certain extent were told the same thing

[sonny1] and it pertains to oil, and well being

[sonny1] that is all i have, to me its FACT….NO B.S……..I dont have an exact date just a when by

[sonny1] and i dont have a RATE……BUT i wll not be higher than the euro

6/1/2010

[sonny1] wow this thing is going to be over quick

[sonny1] enjoy whats left of this ride, because were about to get off it

[sonny1] linda55 not this week, but it could be imo, within 20 days, but im still sticking to july 26th or alitte before

[sonny1] linda55 i think upper bank peeps now whats coming, but tellers and branch managers will find out the same time we do

[sonny1] you cant tell me the head of chase and boa (who helped iraq set up atm’s) dont know whats coming

6/13/10

[sonny1] i have been on the phone alot today

[sonny1] and i still stick to my july 26th date, infact i know it will happen by then

[sonny1] but there is a good chance it will happen this week, from what i am hearing

[sonny1] now if it doesnt happen this week, dont get all bent out of shape

[sonny1] as we know it will be over by july 26th

[sonny1] this is the biggest week in the history of iraq

7/6/2010

[sonny1] i just wanted everyone to know that nothing has changed on the reval by july 26th, and i stay firm to that date

[sonny1] i do think that there is a good chance of the reval being close to the 2.00 range

[Linda Bower] sonny – digi wants to know about your DUBAI contact

[sonny1] i dont realy have anything else, i got a text yesterday from my professor buddy, who has been right a few times, and he said that there is a 75% chance of an rv this week

[sonny1] but we still stick to the july 26th,

[sonny1] Linda Bower there the ones with the 75% chance of this week, but we are still sticking to the 26th as the date, on or before the 26th i should say

[sonny1] my professor buddy is the one who is realy tight with the guys in dubai

9/3/2010

[sonny1] very good news on that ofac release though

[sonny1] so its on the world currency list, and released from ofac, this thing could pop anytime, hope you all have a plan

[sonny1] it will stay around its initial rv rate for a while

[keepmwlknfny] sonny1 yea im thinkin best news we have heard in a while!

[sonny1] keepmwlknfny yes it is, we are very,very close

10/23/2010

[sonny1] good evening everyone, as many of you know over the last couple of weeks i have said that there is no way it would rv with-in the next 6 weeks or so
[sonny1] but there is no way it will go that long
[sonny1] i know i have been wrong many times
[sonny1] never intentionaly
[sonny1] but this thing should be wrapped up in the next 3 weeks

[sonny1] they will have a gov in the coming week, and it will rv with-in 4 days of this event

[sonny1] and i know i have never been in the $3.00 camp

[sonny1] and i still dont think it will be that high, but i am now in the $2.00 camp

[sonny1] i have had one of the best info and fact days ever with this investment

[sonny1] and this no cash-in auction for 11 days now sealed it for me, it was explained to me the right way today, iraq has taken in over 50 billion over the last 7 years with there auctions, and now no cash for 11 days. means they havent been holding auctions

[sonny1] thats 2 work weeks of no auctions

[keepmwlknfny] sonny1 sonny1 that whole no cash auctions is bigger then we thought!!!

[sonny1] keepmwlknfny it means they havent been doing auctions

[keepmwlknfny] sonny1 sonny1 so you think that within 4 days of govt seated we will see the RV?

[sonny1] keepmwlknfny i do, i had a long, long chat with a very smart, non internet, realy smart person today.

11/10/2010

[sonny1] sparklingblue the same peeps that gave me the pm settling info, gave me there opinion on when we could-should see the rv

[sonny1] they think if not the rest of this week, then shortly after there holiday (holiday is nov 14-21)

[sonny1] i dont sense excitement, this is what you all have been waiting for, i would think you guys would be happy

[sonny1] wyocowgirl honestly between .50-$3.00, so im not realy any help on rate

[stnkng1] sonny1 do you think there is a chance it wont rv this year?

[sonny1] stnkng1 not very good

[stnkng1] sonny1 ty

[sonny1] they told us last year they wanted it done by the end of 2010

[MrRich] sonny1 I’d like to be excited but I’m going to have to remain cautiously optimistic for now

[sonny1] MrRich i was remaining that way as well, but the goi is done (it appears) now is the time to go to the next level

[sonny1] well guys im not sure how much i will be on anymore, if i dont come back on i just want to seriously want to wish you all the best, im not saying the rv will be here tomm, but its on the horizon, best wishes ALL……….

11/28/2010

[sonny1] but someone who i trust, and has been right a few times on the news end of it, happens to think that at some point this week the cbi will release the rate

[sonny1] he says they will need the large notes back in by years end

[sonny1] and we wont be able to hold the large notes til it goes up to 2.00 or 3.00 dollars

[sonny1] or if you ask TK…….8.27

[sonny1] no offese to anyone, but if anyone thought it would come out the gate from 1170 to 3.22 was kinda dreaming

[machcobra] sonny1 if RV’S this week and has to have all the large notes in by years end, that leaves very little time?

[sonny1] machcobra a month, i need 28 minutes

[sonny1] seand .84-1.61

[sonny1] Snickers77 but there 1170 dollars in the negative right now, its not going to go up 3000 TIMES…….. Sorry

[sonny1] im just telling you all what im hearing, i get alot of b.s, but this one i kinda believe

1/4/2011

[sonny1] there is some real news for once

[sonny1] kaperoni posted some info on another site about them already starting the 3 zero reduction in Iraq

[sonny1] it is totaly true

[sonny1] it is sucking in the large 1-5-25000 notes back in

[sonny1] smaller notes are the ones they are currently relying on

[sonny1] so it appears that shabbs has started the rv process a few months ago

[sonny1] all the credit on this goes to kaperoni

[mi17mech] beancounter8 they are still going on like normal there is no change in money they still us 10’s and 25’s

[sonny1] i dont think you guys realize what this means

[sonny1] the 25000 and 10000 notes are drying up quickly

[mi17mech] what credit its not true

[sonny1] shabbs has already started the rv process

[mi17mech] sonny1 I’m sitting in Taji as we speak I work with the Iraqis everyday and there is no truth to the big bills being brought back in.We just went to dinner last night and the Iraqis pided with 25′ nad a 10’s They will be taking another pay cut this mo or next when that happens it may start

[sonny1] Deepthought no, the taking 3 zeros is by them taking the lare notes off the street slowly, its not a l o p its a process

[mi17mech] sonny1 they just got paid in them. They pay them in cash

[sonny1] mi17mech gov pays them, or contractors

[mi17mech] sonny1 gov I work with the Iraqi Air Force

[sonny1] mi17mech thx, im just telling what i have heard with my own ears, its on the forum if you guys all want to listen to it…

[mi17mech] sonny1 It is comin they talk about what is on the Tv all the time and what there Dads tell them I would think by June or July

[mi17mech] sonny1 I listen all the time but when you all start going and there is not truth to it I will say so from what I know from being with them everyday

[JKET955] mi17mech so you think we still have 6 more months to an rv??

[mi17mech] JKET955 maybe or more I dont do date or rate

10/29/2011

and with troops withdrawing sooner, the rv balloon quickly deflates. it was a good run though, we had a chance, now we take our ball and head home….. well as of dec 6th atleast….

1/16/2012

i want to wish everyone my best, i know it doesn’t really matter, because i have been wrong alot, but i will not be coming on to post,chat,or even looking in anymore on the dinar.

it isn’t because i do not think it will happen, but pure boredom has set in, and its time to move on from the dinar, and concentrate on having a life.

good luck,

nick

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In fairness to Sonny he was right when he stated that Maliki would prevail, and about the weekend that the PM issue would be resolved. But all of the RV date stuff was off. My thinking on Sonny1’s sources is this …. I have no reason to believe that the guy is making money off of anything he says. Sometimes he has been absent from the scene for weeks or months at a time. You don’t do that if you’re simply pumping. I think the guy trusts his sources, but I also believe his sources don’t have a clue what’s going on any more than you or I do. Just because your sources are in Dubai and claim to be big investors doesn’t mean they know anything. I’ve talked with many people who have great connections in business, government, the military, the oil industry … etc. None of their intel on the RV has ever panned out. EVER! As Enoch8 told us in my interview with him, the higher up you go with your intel the more likely you’re getting disinformation. That’s counter-intuitive but apparently true. I feel kind of sorry for Sonny1 because I think he was really trying to get it right. This is a brutal lesson to learn, but the facts are the facts. That’s why it’s best to stick with sound, time-proven investment principles and economics. Happy trails, Nick.